IVVD vs SDA: Correlation
Measured on weekly returns over the past three years, Invivyd, Inc. (IVVD) and SunCar Technology Group Inc. (SDA) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVVD and SDA?
Across a 3-year window, the weekly returns of IVVD and SDA correlate at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.14 versus -0.28 over 3 years. Stretching to 5 years gives -0.17, with an annualized covariance of -7289.9 %².
Among the 24 assets we track against IVVD, SDA sits near the bottom by co-movement, at rank #22. Their recent paths diverged sharply: over the last 12 months IVVD outperformed by 74.0 percentage points (+3.3% for IVVD against -70.7% for SDA). Note the risk asymmetry: IVVD runs 3.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
IVVD vs SDA: side by side
| IVVD (Invivyd, Inc.) | SDA (SunCar Technology Group Inc.) | |
|---|---|---|
| 1-year return | +3.3% | -70.7% |
| 5-year return | -97.2% | -92.6% |
| Volatility (ann.) | 305.9% | 84.1% |
| Beta vs S&P 500 | 1.87 | 0.35 |
| Max drawdown (3Y) | -92.9% | -95.7% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IVVD | SDA |
|---|---|---|
| 2022 | -79.3% | +4.3% |
| 2023 | +162.7% | -20.3% |
| 2024 | -88.8% | +17.0% |
| 2025 | +457.6% | -79.1% |
| 2026 | -63.6% | -63.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVVD and SDA good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between IVVD and SDA?
The IVVD/SDA correlation stands at -0.28 on a 3-year window (1 year: 0.14, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is SDA a good diversifier for IVVD?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: IVVD correlations · SDA correlations
